Ripple has announced a date for the launch of RLUSD.

We are entering an exciting period for cryptocurrency markets: Ripple is introducing a new stablecoin, RLUSD, backed by the US dollar. RLUSD, which will start trading globally today, is supported by reliable financial resources and aims to initiate a new era in cryptocurrency platforms. Ripple's strategic move is expected to bring significant innovation and transformation to global payment systems.

Ripple's RLUSD Launch Will Take Place Today

The global fintech giant Ripple is preparing to introduce its new stablecoin project, RLUSD, to the cryptocurrency markets. Starting today, RLUSD will attract attention with its one-to-one backing by the US dollar.

The project, which received the necessary approvals from the New York Department of Financial Services on December 10, ensures its reliability through US dollar deposits and short-term government treasury bills. Initially, RLUSD will be traded on reputable cryptocurrency exchanges such as Uphold, MoonPay, Archax, and CoinMENA.

Notable names are part of the project's advisory board. The participation of former Reserve Bank of India Governor Raghuram Rajan and former Vice President of the Boston Federal Reserve Bank Kenneth Montgomery reinforces RLUSD's credibility.

According to Ripple's statements, RLUSD will soon be available on platforms like Bitso, Bullish, and Bitstamp. The company aims to complete the integration of the stablecoin with its payment protocol, Ripple Payments, by 2025.

Advisory board members state that RLUSD will be a significant turning point in terms of security and efficiency in payment systems. Through integration with decentralized finance protocols, Ripple plans for RLUSD to play an active role in the trading of tokenized real-world assets.